The true proportion of accounts receivable with some kind of error is 4 percent for Venal Enterprises. If an auditor randomly samples 50 accounts receivable, it is acceptable to use the normal approximation to estimate the probability that fewer than two will contain errors.

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The Answer of The true proportion of accounts receivable with some kind of error is 4 percent for Venal Enterprises. If an auditor randomly samples 50 accounts receivable, it is acceptable to use the normal approximation to estimate the probability that fewer than two will contain errors.

The True Proportion of Accounts Receivable with Some Kind of Error